Xometry, Inc. (NASDAQ:XMTR) Receives $33.33 Consensus Target Price from Brokerages

Xometry, Inc. (NASDAQ:XMTR) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.33.

XMTR has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group raised their price target on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Craig Hallum boosted their price objective on shares of Xometry from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $42.00 target price on shares of Xometry in a research note on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th.

Xometry Price Performance

XMTR stock opened at $35.04 on Friday. The stock has a 50-day simple moving average of $36.58 and a 200-day simple moving average of $26.52. The firm has a market cap of $1.74 billion, a P/E ratio of -33.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry has a 1 year low of $11.08 and a 1 year high of $45.33.

Insider Activity at Xometry

In related news, CFO James Miln sold 5,386 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the transaction, the chief financial officer now owns 102,329 shares in the company, valued at $4,331,586.57. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,312 shares of company stock valued at $410,827 in the last quarter. Insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Xometry during the fourth quarter worth approximately $73,000. US Bancorp DE grew its holdings in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares in the last quarter. SG Americas Securities LLC bought a new position in Xometry in the 3rd quarter worth approximately $153,000. Finally, Palumbo Wealth Management LLC bought a new stake in Xometry during the 3rd quarter valued at $191,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.